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Ratling [72]
3 years ago
12

An oligopoly firm is similar to a monopolistically competitive firm in that both firms face the prisoner's dilemma. both firms a

re in industries characterized by an interdependent firm. both firms have market power. both operate in a market in which there are significant entry barriers.
Business
1 answer:
DerKrebs [107]3 years ago
8 0
An oligopoly firm is similar to a monopolistically competitive firm in that BOTH FIRMS HAVE MARKET POWER.
Market power refers to the ability of a company to increase and maintain price above the level that would prevail under competition. When market power is exercised, it usually leads to reduced output and loss of economic welfare. 
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8 0
3 years ago
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svlad2 [7]
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8 0
3 years ago
Listening is often as important as speaking in a business conversation
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7 0
3 years ago
At the beginning of the current period, Shamrock Corp. had balances in Accounts Receivable of $187,800 and in Allowance for Doub
nignag [31]

Answer:

See below

Explanation:

The net realizable values are as follows

ai For accounts receivables

Ending balance of account receivables = Beginning balance of account receivables + Credit sale - Collections uncollectible amount

= $187,800 + $860,400 - $687,720

= $360,480

aii For allowance for doubtful debt

= Beginning balance + Previously written off amount - Uncollectible amount + Bad debt expense

= $9,630 + $2,859 - $7,381 + $18,412

= $23,070

6 0
3 years ago
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Sav [38]

Answer:

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Explanation:

5 0
3 years ago
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